Moog (NYSE:MOG.A) Price Target Raised to $417.00 at Truist Financial

Moog (NYSE:MOG.A) had its target price raised by equities researchers at Truist Financial from $344.00 to $417.00 in a research note issued on Tuesday,Benzinga reports. The brokerage currently has a “buy” rating on the aerospace company’s stock. Truist Financial’s target price would suggest a potential upside of 1.54% from the company’s current price.

MOG.A has been the topic of a number of other research reports. JPMorgan Chase & Co. initiated coverage on shares of Moog in a report on Monday, July 20th. They set an “overweight” rating and a $520.00 price objective on the stock. TD Cowen raised their price target on Moog from $350.00 to $450.00 and gave the stock a “buy” rating in a research note on Wednesday, June 10th. Three research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $462.33.

Moog Stock Performance

Shares of NYSE MOG.A traded up $14.80 during midday trading on Tuesday, reaching $410.69. 130,030 shares of the company were exchanged, compared to its average volume of 303,504. The stock has a fifty day simple moving average of $397.01 and a 200 day simple moving average of $341.32. The company has a current ratio of 2.09, a quick ratio of 1.34 and a debt-to-equity ratio of 0.41. The stock has a market cap of $13.01 billion, a P/E ratio of 34.82 and a beta of 0.98. Moog has a 1 year low of $187.66 and a 1 year high of $430.52.

Moog (NYSE:MOG.A) last released its earnings results on Friday, July 31st. The aerospace company reported $3.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.66 by $1.06. The business had revenue of $1.12 billion for the quarter. Moog had a return on equity of 17.67% and a net margin of 8.73%.The company’s revenue for the quarter was up 15.2% on a year-over-year basis. During the same period in the previous year, the firm posted $2.37 EPS. On average, research analysts forecast that Moog will post 10.68 earnings per share for the current fiscal year.

Insider Transactions at Moog

In other news, Director John Scannell sold 3,000 shares of the company’s stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $373.58, for a total value of $1,120,740.00. Following the completion of the sale, the director owned 33,540 shares of the company’s stock, valued at $12,529,873.20. This represents a 8.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Janet M. Coletti sold 604 shares of the stock in a transaction dated Wednesday, June 10th. The shares were sold at an average price of $379.66, for a total value of $229,314.64. Following the completion of the sale, the director owned 6,145 shares of the company’s stock, valued at approximately $2,333,010.70. This trade represents a 8.95% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 1.46% of the company’s stock.

Moog Company Profile

Moog Inc designs, manufactures, and integrates precision motion and fluid controls and controls systems for original equipment manufacturers and end users in the aerospace, defense, and industrial markets worldwide. The company's Aircrafts Controls segment offers primary and secondary flight controls for military and commercial aircrafts; aftermarket support services; and ground-based navigation aids. Its Space and Defense Controls segment provides controls for satellites, space vehicles, launch vehicles, armored combat vehicles, tactical and strategic missiles, security and surveillance, and other defense applications; and gun aiming, stabilization, and automatic ammunition loading for armored combat vehicles.